Sept 8

September 9, 2008 § Leave a comment


Fannie & Freddie: Buying friends in DC – 53 minutes ago
The two mortgage finance companies doled out $174-million over the past 10 years to Washington lobbyists, report says. By Allan Chernoff, CNN senior correspondent NEW YORK (CNN) — When it came to buying influence in Washington, Freddie Mac and Fannie


Paulson placates China, Russia for now
US Treasury Secretary Henry Paulson had little choice but to bail out Fannie Mae and Freddie Mac, with China and Russia holding large amounts of their debt. Doing nothing would have left no further reason for other countries to invest in US government-guaranteed obligations. That day of reckoning has now merely been delayed. –Julian Delasantellis

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Sept 8 at Reflections on GardenWorld Politics Douglass Carmichael.


%d bloggers like this: